Mineral rights owners in Texas can explore the surface below the area of the property and extract the minerals they find. If you own mineral rights, you can also sell the rights to a third-party entity, such as a private company, and receive either a large up-front...
Gas And Mineral Law
Selling drilling rights in the oil-rich state: A basic guide
Texas has consistently been a hub for oil exploration for over a century. This history underscores the likelihood of oil or gas reserves on your land. But while the potential exists, the actual process of drilling can be complex, costly and technically demanding....
Can I sell my property while retaining mineral rights?
Sometimes, landowners no longer need their land but find profit potential from the minerals beneath the property. Fortunately, they can sell their land and retain mineral rights. This way, they can continue exploring and making most of the minerals under the ground....
How do mineral rights differ from surface rights?
Mineral rights in Texas are the rights of an individual to any oil, gas, mineral and resource deposit below the surface of a certain estate or property. The surface is the real property or visible estate where one would usually build housing or commercial...
What does it mean to “lease” mineral rights?
If you own property that is rich in desired minerals — meaning oil, natural gas and coal — then you may consider selling your land to an oil or gas company. Before you forfeit your rights to your property entirely, consider, first, the idea of leasing it. A mineral...
The basics of selling mineral rights
A property owner in Texas who holds title to mineral rights may at some point want to sell or lease these rights to an oil and gas company. Market conditions change from month to month, so property owners should know the value of their holdings and some of the legal...
How may an oil and gas lease transfer to another party?
The Texas Natural Resources Code allows parties to transfer or relinquish their oil and gas lease agreements. As noted on the Texas Constitution and Statutes website, the transferee must take over the terms and obligations of the lease. A transferee takes...
RRC exceptions allegedly lead to theft of unleased minerals
Mineral rights represent a niche set of Texas law, but anyone with oil, gas or minerals on his or her property may want to know about them. Companies may offer property owners money to lease them. If you choose not to lease them, a state rule may help them find a way...
When may I file a mineral lien against an oil and gas company?
Contract or subcontracting work performed for an oil and gas company entitles you to collect payment for the labor and services you provided. As noted by the State of Texas Property Code, if a company fails to pay for your services six months after submitting an...
The profitability of mineral rights depends on the lease
People across the country recognize that Texas is a land rich oil and natural gas. Landowners in Texas can make a lot of money by entering oil and gas leases with a company that wants to extract these resources from the landowner’s ground. The oil and gas lease is a...